Fitch cuts Greece's rating amid default worries

GMT
22:27 2015
Friday ,27
March

Greek flag flies next to statue of ancient Greek goddess Athena in centre of Athens

Washington - Arab Today

Ratings firm Fitch cut Greece's credit rating Friday amid worries that the eurozone country is running perilously close to defaulting on its sovereign debt.
Fitch lowered Greece's rating by two notches to the high-risk level of "CCC" from "B," but said that nevertheless it expected the government would survive its cash squeeze.